Renown Transitional Care Services

“All the directors of the filing organization are also directors of the related tax-exempt organization, Renown Health. The directors have a business relationship with individuals reported on Part VII that are employed by Renown Health.”

“Renown Health is the sole corporate member of Renown Transitional Care Services.”

“Renown Health, acting through its board of directors, appoints the members of the Board of Governors of Renown Transitional Care Services.”

“Renown Health must approve: 1) any changes of a strategic plan 2) selection of independent auditors, employee benefit consultants, legal counsel, and investment advisors 3) insurance and risk management programs 4) annual operating or capital budgets 5) material changes to the budget 6) investment policies 7) contracts among Renown entities 8) changes to governing documents 9) encumbrances of assets in excess of $1 million or real property 10) any borrowing in excess of $1 million in any fiscal year 11) merger, purchase or acquisition of another organization 12) joint venture with any other organization, entity or persons 13) any other material action take outside of ordinary course of business”

“There was no committee during the year that had the broad authority to act on behalf of the board.”

“The Form 990 is prepared by an independent public accounting firm with support from the organization's tax department. The Form 990 is reviewed by the organization's current Corporate Controller and current Chief Financial Officer prior to the final version being sent to the Board. The Form 990, as filed with the IRS, is sent to each voting member of the Renown Health Board prior to filing. Along with the Form 990 and Schedules, the Renown Health Board is provided with a narrative that explains the contents of the various parts of the return.”

“On an annual basis, the members of the Renown Transitional Care Services Board are given an Annual Disclosure Statement. They are expected to perform a reasonable investigation into their business, financial, family or significant personal relationships to disclose any actual or potential conflicts of interest. If, in connection with a proposed transaction or arrangement involving a Renown Health entity, a board member discovers that an actual or possible conflict of interest has arisen that was not disclosed on the Annual Statement, then the board member must disclose the existence and nature of his or her financial interests to the remaining directors that are considering the proposed transaction or arrangement in a timely manner. If a board member discloses an actual or possible conflict of interest, the board member shall leave the board or committee meeting while the remaining board members discuss the financial interest. The remaining board members shall vote upon and decide whether a conflict of interest actually exists. If the remaining board members determine that a conflict does exist, then appropriate measures are taken to ensure the issue is addressed.”

“Renown Health's executive compensation, including compensation for the CEO and certain executives, is reviewed and approved by the Renown Health Executive Committee. As a member of the Executive Committee, the CEO abstains from any decisions or discussions related to their own compensation. All decisions are submitted for final ratification at the next scheduled board meeting. The discussion is documented in the Executive Committee minutes and Board minutes. Total cash compensation for the organization's executives is targeted at competitive compensation levels, relative to market surveys of comparable healthcare organizations, based upon the level of performance required to achieve the targeted compensation levels. Base compensation and total cash compensation is reviewed at a minimum of every two years in comparison to the surveys for comparable businesses and responsibilities and adjusted as to maintain equity with the survey information. The Executive Committee undertook the process outlined above for the year ended December 31, 2024 executive compensation.”

“Renown Transitional Care Services does not make its governing documents, conflict of interest policy, or financial statements available to the general public.”

“Renown Transitional Care Services has independent contractors, however, Renown Health, the parent organization, pays all the independent contractors directly. The actual expense of each independent contractor is directly charged to the assigned entity. The highest compensated independent contractors are reported on Part VII, Section B.”

“Renown Transitional Care Services has its own employees, however, Renown Health, the parent organization, pays all compensation and employee benefit amounts under a common paymaster arrangement. The actual compensation of each employee is directly charged to their assigned entity. Salaries and benefits are reported on lines 7 through 10 of Part IX.”

“Laundry Services: Program service expenses 9,722. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,722. Medical Equipment Service Agreement: Program service expenses 47,113. Management and general expenses 0. Fundraising expenses 0. Total expenses 47,113. Miscellaneous Services: Program service expenses 32,830. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,830. Overhead Allocation: Program service expenses 0. Management and general expenses 494,640. Fundraising expenses 0. Total expenses 494,640. Professional Fees: Program service expenses 0. Management and general expenses 663,211. Fundraising expenses 0. Total expenses 663,211. Repair & Maintenance: Program service expenses 1,479. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,479. Transportation Services: Program service expenses 155. Management and general expenses 0. Fundraising expenses 0. Total expenses 155. Purchased Services: Program service expenses 179,158. Management and general expenses 0. Fundraising expenses 0. Total expenses 179,158.”

“Intercompany Settlements 1,449,381.”

“Renown Health, the sole member of this entity, has an audit committee that assumes responsibility for the consolidated audit and selection of the independent accountant.”